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Cardiovascular And Soft Tissue Repair Patches Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | B Braun, Baxter International Inc., CorMatrix Cardiovascular Inc., Cryolife Inc., Edwards Lifesciences Corporation
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2183The Business Research Company offers in-depth market insights through Cardiovascular And Soft Tissue Repair Patches Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cardiovascular and soft tissue repair patches market size has grown rapidly in recent years. It will grow from $4.03 billion in 2023 to $4.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to aging population, rise in chronic diseases, awareness and early detection, healthcare infrastructure growth, and high demand for hernia repairs.
The cardiovascular and soft tissue repair patches market size is expected to see rapid growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to minimally invasive procedures, enhanced diagnostic tools, increasing demand for personalized medicine, and increasing research and development. Major trends in the forecast period include technological innovations, advancements in surgical techniques, advancements in regenerative medicine, 3d printing, the use of data analytics and artificial intelligence (ai).
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Market Segmentation:
The main raw materials of cardiovascular and soft tissue repair patches are eptfe, biomaterial and tissue-engineered material, and other raw materials. The ePTFE material is used in the manufacturing of medical devices such as catheters, biocompatible services, and cardiac sutures. The ePTFE is an expanded Polytetrafluoroethylene material made up of tetrafluoroethylene polymer units composed of Teflon. The products are synthetic patches and biological patches. The applications are cardiac repair, atrial septal defect, common atrium, defects of the endocardial cushion, ventricular septal defect, tetralogy of Fallot, right ventricular outflow tract reconstruction, suture bleeding, vascular repair and reconstruction, transposition of the great vessels. The end users include hospitals, ambulatory surgical centers, and specialty clinics.
Major Driver - Cardiac Disease Epidemic Fuels Surge In Cardiovascular And Soft Tissue Repair Patch Market
The growing demand for patches in cardiac disease is expected to propel the growth of the cardiovascular and soft tissue repair patches market. Cardiac disease is a category of disorders related to the heart and blood vessels. The demand for patches for cardiac disease is increasing due to lifestyles and consumption of smoking and alcohol. For instance, according to the World Health Organization data 2021, an organization under the United Nations that focuses on worldwide public health, cardiovascular diseases (CVDs) are the leading cause of mortality worldwide, claiming an estimated 17.9 million lives a year. Furthermore, in the United States, heart disease is the leading cause of death for both sexes and members of the majority of racial and ethnic groups. Every 34 seconds, cardiovascular disease claims one life in the United States. In the United States, heart disease was the cause of 1 in 5 fatalities in 2020, taking the lives of almost 697,000 individuals. Therefore, the growing demand for patches of cardiac disease will drive the cardiovascular and soft tissue repair patches market in the upcoming years.
Competitive Landscape:
Major companies operating in the cardiovascular and soft tissue repair patches market include B Braun, Baxter International Inc., CorMatrix Cardiovascular Inc., Cryolife Inc., Edwards Lifesciences Corporation, LeMaitre Vascular Inc., Anteris Technologies Limited, Abbott Laboratories, Terumo Medical Corporation, Integra LifeSciences Corporation, W. L. Gore & Associates Inc., Arthrex Inc., Johnson & Johnson, Stryker Corporation, LifeCell Corporation, Medtronic Inc., ACell Inc., Tissue Regenix Group Plc, Aroa Biosurgery Ltd., Zimmer Biomet, LifeNet Health Inc., Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical, Endologix Inc., Getinge AB, Maquet Holding B.V. & Co. KG, Vascular Solutions Inc., AngioDynamics Inc., Merit Medical Systems Inc., Penumbra Inc., Glycar SA Pty Ltd., Biointegral Surgical Inc., Admedus Ltd., LabCor Corp., Wright Medical Technology, Smith & Nephew plc, C.R. Bard Inc., Organogenesis Inc.
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Top Trend - Technological Advancements Reshaping The Cardiovascular And Soft Tissue Repair Patches Market
Technological advancements are a key trend gaining popularity in the cardiovascular and soft tissue repair patches market. Many companies operating in cardiovascular and soft tissue repair patches are developing new products or technologies for strengthening the demand for the cardiovascular and soft tissue repair patches market. For instance, in October 2022, Dozee, an India-based company that offers artificial intelligence and healthcare technology launched an AI-based ECG patch for remote cardiac monitoring. The ECG patch is designed to be small, flexible, light, and convenient to use, and the physician can remotely get alerts and view the live and continuous ECG of the patient. .
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cardiovascular And Soft Tissue Repair Patches Market Characteristics
3. Cardiovascular And Soft Tissue Repair Patches Market Trends And Strategies
4. Cardiovascular And Soft Tissue Repair Patches Market - Macro Economic Scenario
5. Cardiovascular And Soft Tissue Repair Patches Market Size And Growth
…..
27. Cardiovascular And Soft Tissue Repair Patches Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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